Peek said the company was seeing increased interest in its management tools, remarking, “As customers continue to virtualize their data centers with vSphere, their interest in our management tools tends to increase.” Demand for the company’s “cloud computing” application platform was “solid,” as was new business for VMWare’s desktop virtualization products.

Peek said the company’s unearned license revenue was more than 50% of total unearned revenue at the end of the quarter.

CEO Paul Maritz thanked Peek, who is leaving the company, for helping VMWare beat expectations for 12 quarters in a row.

Martiz remarked, “It should be noted that concerns about the macro environment particularly in Europe are still with us and there is definite caution in our customers with a careful scrutiny of deals.”

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.